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2. (3 points) On March 1, 20A Smith Company purchased 3,000 shares of its own common stock for $12 per share. This is the first

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2. (3 points) On March 1, 20A Smith Company purchased 3,000 shares of its own common stock for $12 per share. This is the first time Smith has purchased its own stock. 1,900 of the shares were sold for $13 per share on June 20, 20A. 1,000 of the shares were sold on August 5, 20A for $10 per share. Prepare the necessary journal entries for each transaction. March 1: June 20: August 5

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